TTMEP: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TTMEP
Largest movements
- Cash +€29,734
up €29,734 (+82.8%), from €35,891 to €65,625
mainly Net result for the year (+€47,608) and Tax, wage and social debts (+€3,119)
- Receivables within one year +€18,164
up €18,164 (+352.2%), from €5,157 to €23,321
of which Trade receivables: +€16,605
- Reserves +€46,500
up €46,500 (+323.9%), from €14,355 to €60,855
of which Distributable reserves: +€46,500
- Tax, wage and social debts +€3,119
up €3,119 (+32.0%), from €9,739 to €12,859
- Trade debts -€2,602
down €2,602 (-84.8%), from €3,066 to €465
- Gross operating margin +€43,263
up €43,263 (+144.9%), from €29,856 to €73,120
- Taxes +€19,490
up €19,490 (+412.6%), from €4,724 to €24,214
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,977 | €90,184 | +€47,207 | +109.8% |
| Fixed assets | 21/28 | €1,836 | €1,238 | -€597 | -32.5% |
| Tangible fixed assets | 22/27 | €1,611 | €1,013 | -€597 | -37.1% |
| Furniture and vehicles | 24 | €1,611 | €1,013 | -€597 | -37.1% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €41,141 | €88,946 | +€47,804 | +116.2% |
| Amounts receivable within one year | 40/41 | €5,157 | €23,321 | +€18,164 | +352.2% |
| Trade receivables | 40 | €5,157 | €21,762 | +€16,605 | +322.0% |
| Other amounts receivable | 41 | - | €1,559 | +€1,559 | |
| Cash at bank and in hand | 54/58 | €35,891 | €65,625 | +€29,734 | +82.8% |
| Deferred charges and accrued income | 490/1 | €93 | - | -€93 | |
| Total equity and liabilities | 10/49 | €42,977 | €90,184 | +€47,207 | +109.8% |
| Equity | 10/15 | €29,253 | €76,028 | +€46,775 | +159.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,355 | €60,855 | +€46,500 | +323.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €59,000 | +€46,500 | +372.0% |
| Profit (loss) carried forward | 14 | €2,498 | €2,773 | +€275 | +11.0% |
| Amounts payable | 17/49 | €13,724 | €14,156 | +€432 | +3.1% |
| Amounts payable within one year | 42/48 | €13,724 | €14,156 | +€432 | +3.1% |
| Trade debts | 44 | €3,066 | €465 | -€2,602 | -84.8% |
| Suppliers | 440/4 | €3,066 | €465 | -€2,602 | -84.8% |
| Taxes, remuneration and social security | 45 | €9,739 | €12,859 | +€3,119 | +32.0% |
| Taxes | 450/3 | €9,739 | €12,859 | +€3,119 | +32.0% |
| Other amounts payable | 47/48 | €919 | €833 | -€86 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €597 | +€292 | +95.5% |
| Other operating charges | 640/8 | €577 | €590 | +€12 | +2.1% |
| Gross operating margin | 9900 | €29,856 | €73,120 | +€43,263 | +144.9% |
| Operating profit (loss) | 9901 | €28,974 | €71,933 | +€42,959 | +148.3% |
| Financial income | 75/76B | €36 | €25 | -€11 | -30.1% |
| Recurring financial income | 75 | €36 | €25 | -€11 | -30.1% |
| Financial charges | 65/66B | €135 | €136 | +€1 | +0.7% |
| Recurring financial charges | 65 | €135 | €136 | +€1 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €28,875 | €71,822 | +€42,947 | +148.7% |
| Income taxes | 67/77 | €4,724 | €24,214 | +€19,490 | +412.6% |
| Profit (loss) for the period | 9904 | €24,151 | €47,608 | +€23,457 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,151 | €47,608 | +€23,457 | +97.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.